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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Investments:    
Short-term investments under securities loan agreements, including collateral delivered $ 984 $ 1,042
Accrued investment income 414 396
Premium receivable and reinsurance recoverable (net of allowance for credit losses of $16 as of 2025 and 2024) 10,713 11,284
Deferred policy acquisition costs ("DAC") and Value of business acquired ("VOBA") 2,401 2,148
Deferred income taxes 1,871 2,134
Goodwill 804 748
Other intangibles, net 874 832
Assets held in separate accounts 113,007 101,676
Total assets 178,859 163,889
Liabilities and Equity [Abstract]    
Future policy benefits 8,982 9,332
Contract owner account balances 40,374 37,104
Payables under securities loan and repurchase agreements, including collateral held 1,273 1,309
Short-term debt 586 399
Long-term debt 1,518 2,103
Derivatives 282 332
Liabilities related to separate accounts 113,007 101,676
Total liabilities 171,820 157,882
Commitments and Contingencies (Note 20)
Mezzanine equity:    
Redeemable noncontrolling interest 222 219
Shareholders' equity:    
Preferred stock (0.01 par value per share; $625000000 aggregate liquidation preference as of 2025 and 2024) 0 0
Common stock ($0.01 par value per share; 900000000 shares authorized; 107,424,252 and 105,592,281 shares issued as of 2025 and 2024, respectively; 93,842,616 and 95,497,265 shares outstanding as of 2025 and 2024, respectively) 1 1
Treasury stock (at cost; 13,581,636 and 10,095,016 shares as of 2025 and 2024, respectively) (1,010) (754)
Additional paid-in capital 6,358 6,266
Accumulated other comprehensive income (loss) (1,788) (2,462)
Retained earnings:    
Unappropriated 1,392 954
Total Voya Financial, Inc. shareholders' equity 4,953 4,005
Noncontrolling interest 1,864 1,783
Total shareholders' equity 6,817 5,788
Total liabilities and shareholder's equity 178,859 163,889
Excluding consolidated VIEs    
Investments:    
Fixed maturities, available-for-sale, at fair value (amortized cost of $28,724 and $26,536 as of 2025 and 2024, respectively; net of allowance for credit losses of $26 and $38 as of 2025 and 2024, respectively) 27,150 24,089
Fixed maturities, at fair value using the fair value option 1,740 1,849
Equity securities, at fair value 201 246
Short-term investments 145 94
Mortgage loans on real estate (net of allowance for credit losses of $31 and $24 as of 2025 and 2024, respectively) 5,577 4,675
Policy loans 323 342
Limited partnerships/corporations 1,891 1,836
Derivatives 197 303
Other investments 86 67
Securities pledged (amortized cost of $1,388 and $1,665 as of 2025 and 2024, respectively) 1,261 1,523
Total investments 38,571 35,024
Cash and cash equivalents 1,228 1,399
Other assets (net of allowance for credit losses of $0 and $1 as of 2025 and 2024, respectively) 3,167 2,312
Liabilities and Equity [Abstract]    
Other liabilities 3,210 2,886
VIEs    
Investments:    
Mortgage loans on real estate (net of allowance for credit losses of $31 and $24 as of 2025 and 2024, respectively) 1,350 1,434
Limited partnerships/corporations 3,142 3,067
Cash and cash equivalents 120 115
Other assets (net of allowance for credit losses of $0 and $1 as of 2025 and 2024, respectively) 213 278
Liabilities and Equity [Abstract]    
Other liabilities 1,454 1,640
Collateralized loan obligations notes, at fair value using the fair value option $ 1,134 $ 1,101